Get Ready Now, in Case Markets Get Worse Later

Jason Zweig

With China’s currency crumbling, oil prices collapsing and the U.S. stock market brushing its low for the year earlier this past week, you shouldn’t panic. You should, however, make sure you won’t join in if other investors panic.

Barely seven years after the financial crisis, it already feels like a distant memory—and rosier than it was. Test your own recollection of the bear market: Do you remember correctly that between October 2007 and March 2009, the U.S. stock market dropped in price by 57%?